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Spirent Communications ( (GB:SPT) ) just unveiled an announcement.
Spirent Communications PLC reported a strong finish to 2024 despite challenging market conditions, with significant order growth in the fourth quarter. The company’s revenue for the year was approximately $460 million, slightly down from 2023, mainly due to a decline in China that was offset by growth in North America and EMEA. Spirent maintained a robust financial position with cash reserves of $141 million and continues to focus on product innovation and customer diversification. The company is optimistic about 2025, having begun the year with an increasing order book and strategic opportunities across key markets. Additionally, Spirent is in the process of being acquired by Keysight, pending regulatory approvals.
More about Spirent Communications
Spirent Communications plc is a leading global provider of automated test and assurance solutions for networks, cybersecurity, and positioning. The company offers innovative products and services to address the test, assurance, and automation challenges of emerging technologies, including 5G, AI, cloud, and autonomous vehicles.
YTD Price Performance: -1.53%
Average Trading Volume: 1,521,777
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £996M
Find detailed analytics on SPT stock on TipRanks’ Stock Analysis page.
